Terms & Conditions
FAB Engineering Supplies
Unit 13/ 79 Williamson Rd Ingleburn 2565
Ph: 02 9249 9174
ABN: 52 608 011 034
Terms of Trade
Fasteners and Bearing Engineering Supplies Pty Ltd (F.A.B.) serves the right to:
a) Cease credit facilities to the Customer at any time without notice
B) Stop supply and place the account the hold until the account is returned to the agreed trading terms
These terms of trade apply to all transactions from which the customer is supplied goods and/ or service on credit, unless otherwise agreed in writing
These trading terms may be amended by F.A.B., provided they are made aware to the Customer in writing, by email to the address set out in the Credit Application Form. Any change in this address must be notified to F.A.B. by email
Any change in details provided in the Credit Application by the Customer, including changes in structure, ownership or Directorship will require an new credit application to be completed.
Ownership of the goods remains with F.A.B. until all invoices are paid in full and all moneys receipted and cleared, however the risk passes to the Customer on delivery. The Customer must store the delivered goods separately from its own until ownership has passed to the Customer. In the event that:
a) the goods are unsold to a third party before payment or
b) an Administrator, Controller, Managing Controller, Receiver or Receiving Manager is appointed, or
c) the Customer enters into an informal/ Formal Deed of Arrangement under the Bankruptcy Act of 1966.
The customer hereby signs to the Supplier its right of recovery of payment from the third part. The money resulting from the sale of the goods must be placed in a separate account on trust for F.A.B., until payment in full is made to F.A.B. for the costs of the goods only, to guarantee clear passage of ownership to the third party
All goods sold carry warranty as implied by law under the Trade Practice Act 1974
All goods are sold at the price current at the time of delivery. The price of goods means the price as at the F.A.B.’s works. All other costs of freight and handling are the responsibility of the Customer unless stated by F.A.B.
The Customer acknowledges that the insurance of all goods is the Customers’ responsibility at point of delivery
F.A.B. reserves the right to charge a 20% handling fee on the amount involved where the Customer elects to return or cancel goods on order with the consent of F.A.B.
If in the event that legal action is commenced for not complying with these credit terms, all legal and court costs will be the Customer’s responsibility